Fiera Capital Corp boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,395 shares of the cable giant’s stock after purchasing an additional 1,019 shares during the period. Fiera Capital Corp’s holdings in Comcast were worth $3,210,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. 9258 Wealth Management LLC increased its position in Comcast by 14.1% in the 4th quarter. 9258 Wealth Management LLC now owns 15,971 shares of the cable giant’s stock valued at $718,000 after acquiring an additional 1,969 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its position in Comcast by 0.8% in the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 248,423 shares of the cable giant’s stock valued at $11,172,000 after acquiring an additional 1,958 shares in the last quarter. Holistic Financial Partners increased its position in Comcast by 10.2% in the 4th quarter. Holistic Financial Partners now owns 23,621 shares of the cable giant’s stock valued at $1,062,000 after acquiring an additional 2,188 shares in the last quarter. Gryphon Financial Partners LLC increased its position in Comcast by 1.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 35,517 shares of the cable giant’s stock valued at $1,597,000 after acquiring an additional 437 shares in the last quarter. Finally, TCF National Bank increased its position in Comcast by 6.6% in the 4th quarter. TCF National Bank now owns 30,529 shares of the cable giant’s stock valued at $1,373,000 after acquiring an additional 1,880 shares in the last quarter. 82.52% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the stock. Royal Bank of Canada restated a “hold” rating and issued a $44.00 price objective on shares of Comcast in a research report on Monday, January 27th. Goldman Sachs Group upgraded shares of Comcast to a “buy” rating in a research report on Tuesday, February 4th. Guggenheim set a $57.00 price objective on shares of Comcast and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley reiterated a “buy” rating and set a $53.00 price target on shares of Comcast in a research report on Friday, January 24th. Finally, SunTrust Banks lifted their price target on shares of Comcast from $49.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $52.08.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. The firm had revenue of $28.40 billion during the quarter, compared to analysts’ expectations of $28.18 billion. Comcast had a net margin of 11.98% and a return on equity of 18.25%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. Equities research analysts anticipate that Comcast Co. will post 3.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 2.00%. This is a boost from Comcast’s previous quarterly dividend of $0.21. Comcast’s payout ratio is currently 26.84%.
In related news, EVP David N. Watson sold 78,100 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $43.67, for a total transaction of $3,410,627.00. Following the completion of the transaction, the executive vice president now owns 564,424 shares in the company, valued at $24,648,396.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.35% of the stock is currently owned by insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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